Honda commits to double sustainability spending to $65 billion
Honda has pledged to double its electrification investment to $65 billion over 10 years though 2030, doubling an April 2022 pledge. The company plans to launch 7 models in its EV series by 2030. Reuters
Italy raises €9.7 billion from green bond
Italy has issued a $9.7 billion sovereign green bond, the largest ever to date. The 14 year bond had an orderbook over €84 billion. 50% of the proceeds will be allocated to energy efficiency projects, with 30% for clean transportation. Environmental Finance
Africa clean cooking summit secures $2.2 billion in funding
The first Africa Clean Cooking Summit, held in Paris, secured $2.2 million in pledges from the government and private sectors to help support the transition to sustainable cooking fuels. The IEA aims to secure $4 billion annually to support clean cooking by 2030. Carbon Herald
Plug power receives $1.66 billion from DOE
The U.S DOE’s Loan Programs Office has made a conditional commitment to provide Plug Power up to $1.66 billion in loan guarantees to help finance the construction of 6 electrolyzer facilities across several states. DOE
ADB launches €500 million 4 year green benchmark
The African Development Bank (AfDB) has launched and priced an inaugural €500 million 4-year Green benchmark, the second of the bank’s green bonds issued under its new system. AFDB
